ARTICLE · 09 OCTOBER 2015

UPDATE: Clarifications On FDI Policy In Construction Development Sector

Hariani & Co.

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In our Newsletter dated 4 February 2015 we had dealt with Press Note 10 of 2014 with respect to the Foreign Direct Investment Policy in the Construction Development sector which further liberalized FDI into the sector by providing relaxed conditions for 100% FDI under the Automatic route.

IndiaGovernment, Public Sector

Anirudh Hariani

In our Newsletter dated 4 February 2015 we had dealt with Press Note 10 of 2014 ("Press Note") with respect to the Foreign Direct Investment (FDI) Policy in the Construction Development sector ("Policy") which further liberalized FDI into the sector by providing relaxed conditions for 100% FDI under the Automatic route. However, the Press Note contained certain obscurities which needed to be clarified for effective implementation of the Policy. The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry, Government of India has recently provided a Clarification to Press Note 10 of 2014 on FDI policy in the Construction Development Sector.

The Clarification has been provided with a view to mitigate the ambiguities, and includes the following explanations:

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